The impact of declining stock prices in the U.S. during 2000-2006 on U.S. household wealth was at least partially offset by:
A. an increase in public saving.
B. a decrease in the saving rate.
C. an increase in the saving rate.
D. increasing housing prices.
Answer: D
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Refer to Figure 26-9. In the figure above suppose the economy is initially at point A. The movement of the economy to point B as shown in the graph illustrates the effect of which of the following policy actions by the Federal Reserve?
A) an increase in the required reserve ratio B) an open market sale of Treasury bills C) an open market purchase of Treasury bills D) a decrease in income taxes
Price controls
A) do not include black markets. B) are another name for the price system. C) do not include rent controls. D) interfere with the rationing function of prices.
The central bank in the United States is known as the Federal Reserve System
a. True b. False Indicate whether the statement is true or false
During the 1990s, the country of Chile required foreigners wishing to invest in the country to make a one-year, zero-interest deposit in the Chilean central bank equal to at least 20 percent of the investment. This is an example of:
A. a capital outflow control. B. a currency board. C. a capital inflow control. D. an exchange rate mechanism.